Application for Issuance of Letter of Credit (LC) / Back to Back Letter of Credit (B2BLC)

Transcription

1 Application for Issuance of Letter of Credit (LC) / Back to Back Letter of Credit (B2BLC) For Bank Use Ref No.: Attach additional sheets if there is insufficient space, to be signed by applicant's authorised signatories Advise by SWIFT Courier Mail For Back-to-Back LC only Export Master LC Ref Issuing Bank Currency & Amount Expiry Date In Country Of Beneficiary Applicant Applicant (Company Name & Address) Tel Ref Contact Person Beneficiary (Company Name & Address) Tel Ref Contact Person

2 Currency & Amount (Figures & Words) Partial Shipment Permitted Prohibited Transhipment Permitted Prohibited Amount Tolerance Plus Minus SHIPMENT DETAILS Place of Receipt Port of Loading Not later than Port of Discharge Place of Destination Available with (a)--- by (b)--- (a) Advising Bank Issuing Bank Any Bank (b) Payment Tenor Negotiation Payment Acceptance Deffered Payment Sight Days After Goods And Services Document Required Multimodal Bills of Lading Air Waybills (AWB) Marine Bills of Lading Charter Party Bills of Lading Cargo Receipts (CR) No. of Documents: originals copies (if not stated, default to BLs (3/3 original & 1 \N copy), AWB & CR (1 oricinal & 1 copy) Consignee Issuing Bank To Order, Blank Endorsed Applicant

3 Freight Prepaid Collect Notify Applicant Delivery Order / Delivery Note originals copies (if not stated, default 1 original and 1 copy) Content (e.g. Names of signatories,passport number etc) Insurance Certificate / Policy originals copies (if not stated, default 2 original and 1 copy) Insurance Percentage % invoice value [if not stated, defaults to 110 of invoice value] Covering [if not ticked, defaults to ICC "A"] ICC Marine Risk ICC Air Risks ICC "A" ICC "B" ICC "C" Insurance open cover lodged with relius international bank Insurance to be obtained at a later date Details of Open Cover (e.g. Insurance Company Name, Reference No., Contact details etc) Signed Invoices No. of Documents originals copies Packing List No. of Documents originals copies Certificate of Origin No. of Documents originals copies Country of origin Others (please specify): No. of Documents originals copies Additional Conditions Confirmation (if not ticked, default to Not required) Required Not Required

4 Transferable (if not ticked, default to `No') Yes No Advise Through Bank (in addition to first advising bank - optional) Charges All charges outside issuing bank's country including but not limited to advising, reimbursement and telecommunications fees are for beneficiary's account. All charges are for applicant's account, except for the following. Confirmation Charges for account of Beneficiary Applicant Present documents within Days after shipment date Reimbursement The nominated bank may claim SWIFT reimbursement (if not ticked default will be for issuing Bank to honour upon receipt of clean documents) Others (please specify) Instructions to issuing Bank Utilise FX forward contract reference no. Debit all charges to our account no. In settlement, debit principal drawings from our account Use export master LC proceeds to settle this back to back LC Please debit our account no. maintained with you for the amount of The sum debited is to be treated as a cash collateral in relation to any or all Reimbursable Payment Obligation (being an obligation you have entered into on our instruction or otherwise on our behalf, to make a payment to any person in connection with this Credit). We agree that an additional margin may be factorec into the amount to be debitec as cash collateral if the Reimbursable Payment Obligation is denominated in a different currency. You can hold such sum in an account in your name, under your sole dominion and control, and may use such sum to satisfy our reimbursement obligations to you. You are not obliged to refund any cash collateral unless your contingent or unmatured liability(ies) cease to exist before they mature or do not mature in full. We understand that no credit interest will accrue on any such sum. For the above debit authorization in respect of cash collateral, we irrevocably agree and authorize you to make currency conversions (at the rate as determined by you in your sole discretion) in respect of any amount due to you from us or arising from our instructions to you, and we agree to indemnify you for any shortfall resulting from such conversion. We further agree and authorize you to make currency conversions (at the rate as determined by you in your sole discretion) in respect of any amount due from you to us at the time of refund of the cash collateral, and we acknowledge that you will not be liable in any way whatsoever for any shortfall resulting from such conversion.

5 We agree to be bound by the terms and conditions in the Standard Terms, General Trade Terms, Trace Service Supplement - Issuance of LC / Back to Back LC, and any other terms or agreements as the Bank may provide to us (or as agreed between us) from time to time. Date S.V. Applicant Signature & Stamp